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Return to Invoice Cover

This add-on cover helps you recover as much as the original on-road price of your car in case it was totally damaged.

You file a claim for total damage with a Comprehensive car insurance policy.

A car is considered totally damaged or lost when its estimated repair costs are looking to exceed 75% of its Insured Declared Value (IDV). In that case, under a comprehensive car insurance policy, you are paid as much as the IDV, which is the depreciated value of your car for that year.

You file a claim for total damage with a comprehensive car insurance policy + Return to Invoice Cover

With a Return to Invoice Cover, you can get as much as the on-road price of your car in compensation. On-road price includes the ex-showroom price, registration costs and road tax.

For instance, a Maruti Alto’s ex-showroom price in 2016 may be Rs. 5,25,000, and it’s on-road price can reach up to Rs. 6,00,000 post taxes and registration costs. However, the same car’s IDV in 2018 will be Rs. 4,80,000 after applying standard depreciation. So when you file for a total loss claim... you get the math, right?

Remember: Most insurance companies offer this add-on cover for only cars under 3 years of age.

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Add-ons For Your Car Insurance

Choose The Right IDV
ZERO DEPRECIATION
This add-on is for the repair or replacement expenses of plastic, rubber, glass, and other materials that standard policies would otherwise not cover.
Avail No Claim Bonus
NO CLAIM BONUS PROTECTION
This add-on provides a discounted premium on your no-claim bonus year-on-year, even after claiming during the policy period.
Install security devices
ENGINE PROTECTION
This add-on is for the times when the monsoons are at their destructive worst, and leave your car's engine vulnerable to flooding.
Become AAI Member
INVOICE COVER
This add-on helps you recover as much as the car's on-road price or Insured Declared Value in total loss (such as theft or a terrible accident).

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